Question: A journal entry has only two lines: a) Increase in Owners' Equity, b) Decrease in Dividends. Multiple Choice o a) is a DR and b)



A journal entry has only two lines: a) Increase in Owners' Equity, b) Decrease in Dividends. Multiple Choice o a) is a DR and b) is a CR so the entry is valid o a) is a DR and b) is a DR so the entry is NOT valid o a) is a CR and b) is a CR so the entry is NOT valid o a) is a CR and b) is a DR so the entry is valid A journal entry has only two lines: a) Decrease in one Expense, b) Decrease in another Expense. Multiple Choice a) is a DR and b) is a CR so the entry is valid a) is a CR and b) is a DR so the entry is valid O a) is a CR and b) is a CR so the entry is NOT valid O a) is a DR and b) is a DR so the entry is NOT valid A journal entry has only two lines: a) Decrease in an Asset, b) Decrease in Owners' Equity- Multiple Choice a) is a DR and b) is a DR so the entry is NOT valid a) is a CR and b) is a DR so the entry is valid a) is a CR and b) is a CR so the entry is NOT valid a) is a DR and b) is a CR so the entry is valid A journal entry has only two lines: a) Increase in Owners' Equity, b) Increase in an Expense account. Multiple Choice ) a) is a DR and b) is a CR so the entry is valid a) is a CR and b) is a DR so the entry is valid a) is a DR and b) is a DR so the entry is NOT valid a) is a CR and b) is a CR so the entry is NOT valid
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